What are cost-push and demand-pull forces?

Cost-push and demand-pull forces are like two different ways things can get more expensive, one is when making something gets harder, and the other is when people want it more.

Imagine you're buying apples at a market.

It's like the farmers who grow the apples have to pay more for their seeds or tools. So they sell the apples for more money. That means you, the person buying the apples, have to pay more too. It’s like when your favorite toy gets more expensive because the store had to pay more for it.

It's like everyone in town suddenly wants apples for a big party. There are not enough apples to go around, so the farmers can sell them for more money, and you have to pay more too! It’s like when your friends all want the same ice cream flavor at the same time, it gets more expensive because there’s a lot of demand.

So whether it's cost-push or demand-pull, you end up paying more, just for different reasons.